African Development Bank (AfDB) said it has received $20m investment from the Clean Technology Fund for the Facility for Energy Inclusion.
The bank, in a statement, said the Facility for Energy Inclusion (FEI) was sponsored by the AfDB to provide sustainable financing for small-scale renewables in Africa.
FEI is a $500m financing platform with the aim to catalyse financial support for innovative energy access solutions.
Anthony Nyong, director of Climate Change and Green Growth, AfDB, said the funds would contribute to economic and social growth of Africa.